Bearish Double H/S Scenario (~$5850 target)

5 ביולי 2018

As we complete the fifth wave of this rising wedge, we should expect a series of ABC corrective waves. The corrective A-wave would complete the head of the smaller H/S. A bounce off the neckline would likely paint up to the bottom/middle of the purple accumulation zone, completing the B-wave. A harsh C-wave would drive us through the smaller H/S neckline, and bring us down to the bigger H/S neckline (and orange resistance turned support). After the ABC corrective waves, we might expect a bounce off the H/S neckline to the white resistance and the (smaller H/S neckline. Then a drop back to the bigger H/S neckline would complete the bigger H/S.

6 ביולי 2018

הערה

We are close to finishing the head of the smaller H/S. Would be careful trading anything here.

7 ביולי 2018

העסקה בוטלה באופן ידני

Looks like we will be entering some seriously volitatlity in the coming days, can not be certain in which direction yet.

8 ביולי 2018

הערה

Similar scenarios I could expect to happen